The jackpot for the Powerball draw on Sat Apr 19, 2025, is projected to be $131 Million, with an option for a cash payout of $58.6 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Arkansas residents, the state will deduct 4.9% from your lottery earnings.
| Arkansas Powerball Jackpot/Cash Option for Sat Apr 19, 2025 |
|---|
| Draw Date | Sat Apr 19, 2025 | | Projected Jackpot | $131,000,000 | | Cash Value | $58,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $58,600,000 | | Federal Tax(24%) | $14,064,000 | | Additional Federal Tax | $7,578,330 | | State Tax(4.9%) | $2,871,400 | | Net Lumpsum Payment | $34,086,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,971,681 |
$689,852
$96,612 |
$1,185,217 |
| 2 |
$2,070,324 |
$726,350
$101,446 |
$1,242,528 |
| 3 |
$2,173,814 |
$764,642
$106,517 |
$1,302,655 |
| 4 |
$2,282,544 |
$804,872
$111,845 |
$1,365,827 |
| 5 |
$2,396,645 |
$847,089
$117,436 |
$1,432,120 |
| 6 |
$2,516,510 |
$891,439
$123,309 |
$1,501,762 |
| 7 |
$2,642,270 |
$937,970
$129,471 |
$1,574,829 |
| 8 |
$2,774,449 |
$986,877
$135,948 |
$1,651,624 |
| 9 |
$2,913,178 |
$1,038,206
$142,746 |
$1,732,226 |
| 10 |
$3,058,850 |
$1,092,105
$149,884 |
$1,816,861 |
| 11 |
$3,211,727 |
$1,148,669
$157,375 |
$1,905,683 |
| 12 |
$3,372,333 |
$1,208,094
$165,244 |
$1,998,995 |
| 13 |
$3,540,930 |
$1,270,474
$173,506 |
$2,096,950 |
| 14 |
$3,718,042 |
$1,336,006
$182,184 |
$2,199,852 |
| 15 |
$3,903,931 |
$1,404,785
$191,293 |
$2,307,853 |
| 16 |
$4,099,121 |
$1,477,005
$200,857 |
$2,421,259 |
| 17 |
$4,304,005 |
$1,552,812
$210,896 |
$2,540,297 |
| 18 |
$4,519,238 |
$1,632,448
$221,443 |
$2,665,347 |
| 19 |
$4,745,213 |
$1,716,059
$232,515 |
$2,796,639 |
| 20 |
$4,982,454 |
$1,803,838
$244,140 |
$2,934,476 |
| 21 |
$5,231,616 |
$1,896,028
$256,349 |
$3,079,239 |
| 22 |
$5,493,223 |
$1,992,823
$269,168 |
$3,231,232 |
| 23 |
$5,767,799 |
$2,094,416
$282,622 |
$3,390,761 |
| 24 |
$6,056,261 |
$2,201,147
$296,757 |
$3,558,357 |
| 25 |
$6,359,002 |
$2,313,161
$311,591 |
$3,734,250 |
| 26 |
$6,677,070 |
$2,430,846
$327,176 |
$3,919,048 |
| 27 |
$7,010,858 |
$2,554,348
$343,532 |
$4,112,978 |
| 28 |
$7,361,414 |
$2,684,054
$360,709 |
$4,316,651 |
| 29 |
$7,729,524 |
$2,820,254
$378,747 |
$4,530,523 |
| 30 |
$8,115,974 |
$2,963,241
$397,683 |
$4,755,050 |
|
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